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What is Superannuation ? [ Superannuation Australia explained in detail ]

11MinuteClass : Money 52 views

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Comment from : @11MinuteClassMoney

There’s a higher risks of being romance scammed or your bank account emptied (juicy target) if you accumulate a large lump sum to “yearly” personal contribute to superannuation/pension government account Set up monthly auto direct debit from your bank account to personal contribute to superannuation account You contribute the same amount via the two methods (monthly or yearly) However with the magic of compounding interests after 88 years of contributing to superannuation, you find that you gain a larger total sum in the end via the monthly contribution method How much is this financial advice worth compared to the financial gains per human over billions of humans that live and die over Earth’s lifespan?
Comment from : @Jianfa88Tsai

appreciate the vid
Comment from : @Tim4141-v7u

The stuff we learn after schooling 😂
Comment from : @ChristopherFortune27

You pay 15 contribution tax when depositing super, and 15 when withdrawing?
Comment from : @thevalayshah

Quick note The employer doesn't pay There is a 95 minimum deduction essentially from your income which is the payment into your Super
Comment from : @mhjyuti

Why is your channel so underrated? Why can’t these types of videos get millions of views
Comment from : @zoneteiko2995

They should let Australians withdraw some amount of their super even thought they are not yet on the prescribed age!What are they waiting for? A trip to the Nursing Home before they can have access to it?
Comment from : @Perfection212

So many syllables for a PENSION
Comment from : @MrSneakyCastro

Is it necessary for employer to give super with salary? and what we can do if he is not putting super in our account?
Comment from : @Arshskp

Interesting question Does the 105 percent employer contribution come out of the employer's pocket? From an accounting point of view is the compulsory contribution the employer has to make on behalf of their employee an expense to the company?
Comment from : @injanhoi1

Self-Managed Super Fund (SMSF) is making Australia a laughingstock to the world Financial advisors are 100 scammers Super Fund is a useless expense
Comment from : @shialabeouf8564

Amazing! The USA needs a program like this! Our retirement programs are a mockery compared to the Australian retirement savings system Also, great explanation! Thanks!!
Comment from : @MrSupernova111

The single most unpleasant aspect of living in Australia since I moved here 35 years ago is managing my retirement funds The whole system has been a total abortion of unnecessary complexity, rip offs and a huge army of advisors, managers and administrators all sucking their share along the way It is a national disgrace No wonder Australia is becoming a second-rate, also-ran economy heading for an Argentina-style collapse
Comment from : @Andre_XX

what happens if i checked my bedroom and i cant find my superfund
Comment from : @zach54321

What if a temporary worker leaves the country ? What happens to their superannuation money ?
Comment from : @RK-co7xq

Excellent explanation! Question: can my binding death benefit nominated person live overseas?
Comment from : @andrese2102

What will happen if you don't work for more than 2 years, as well as no contribute to the account, will I still have to pay the admins fees?
Comment from : @mardinoy6518

Me an Australian watching an American explain how my super works here in Australia
Comment from : @Sebeerful

With the current economic state, we should be able to use out superannuation to purchase property and vacant land, there's no better investment atm!!
Comment from : @LW-oh7rc

What information do i need to provide to move my superannuation from one fund to another if i have a new super fund ?
Comment from : @jeremiahsimbiken9827

Awesome content!! 🌟 Looking forward to seeing more from you Why aren’t you using smzeus”dot”com?! You should use it to help get your videos seen!
Comment from : @davidstone612